57 Active Rigs In North Dakota; Nine New Permits; Ten Permits Renewed; Five DUCs Reported As Completed -- Hardly A Basin That Sounds Like it's Slowing Down -- July 9, 2019

API: huge US crude oil draw:

• forecast: a draw of 3.081 million bbls
• actual: 8.129 million bbls
• WTI? flat

Active rigs:

$57.83	7/9/2019	07/09/2018	07/09/2017	07/09/2016	07/09/2015
Active Rigs	57	65	56	29	74

Nine new permits, #36696 - #36704, inclusive

• Operators: BR (5); WPX (2); Iron Oil (2)
• Fields: Elidah (McKenzie County); Spotted Horn (McKenzie); Antelope Creek (McKenzie County)
• Comments:
• BR has permits for a 5-well Muri/Sanmuri pad in section 27-151-97, Elidah oil field
• WPX as permits for a 2-well Pronghorn pad in section 27-150-94, Spotted Horn oil field
• Iron Oil has permit for a 2-well Antelope pad in lot 2/section 5-148-101

Five producing wells (DUCs) reported as completed:

• 34560, 818, Abraxas, Ravin 12H, North Fork, t5/19; cum 17K after 25 days;
• 35299, 2,552, WPX, Minot Grady 26-35HT, Squaw Creek, t6/19; cum --;
• 32622, 1,656, Whiting, Gilfer 21-15-1HU, Epping, t6/19; cum --
• 34932, 1,972, Whiting, Peterson 41-15-5TFH, Epping, t6/19; cum --;
• 34933, 1,976, Whiting, Peterson 41-15-6HU, Epping, t6/19; cum --;

Ten permits renewed:

• EOG (4): four Burke permits, all in Mountrail County
• CLR (4): two Olympia permits and two Charleston permits, all in Williams County
• Resource: a Beetle permit in Divide County
• Whiting: a Tomchuk permit in Stark County